First Home Guarantee​​​

Buy Your First Home
with Just 5% Deposit

The First Home Guarantee has been expanded

from 1 October 2025, making it easier for

more Australians to purchase their first home.

Premium Broker can help you understand

the changes and guide you through the process.

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​​​Key Benefits of the First Home Guarantee

• 5% deposit, no Lenders Mortgage Insurance (LMI)

• Now open to permanent residents as well as citizens

• No income caps – higher earners welcome

• Higher property price limits across all states and territories

• Unlimited places – no more missing out

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What’s New in 2025

The scheme has been updated to help more buyers enter the property market:

• Property price caps have been increased across Australia

• The scheme now applies to permanent residents

• Income limits have been removed

• The separate regional guarantee has been merged into one national program
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State-by-State Property Price Caps

Use the updated price caps to see what you may be eligible to buy:

• NSW: $1.5m (metro/regional centres), $800k (other)

• VIC: $950k (metro/regional centres), $700k (other)

• QLD: $1m (metro/regional centres), $650k (other)

• WA: $850k (Perth), $550k (other)

• SA: $900k (Adelaide), $500k (other)

• TAS: $700k (Hobart), $500k (other)

• ACT: $1m

• NT: $750k

 

How Premium Broker Can Help

At Premium Broker, we’ve helped hundreds of clients secure their first home. We’ll:

• Compare lenders and products to find the right fit

• Explain your eligibility for the First Home Guarantee

• Guide you through deposits, stamp duty, and lender requirements

• Handle the paperwork and keep the process simple

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Important: The First Home Guarantee is subject to lender approval and government eligibility rules. Stamp duty and other costs may still apply. Please seek personalised advice before making any financial decisions.